How does bitcoin become a currency?

[logan16j]

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

Tôi nghĩ rằng bitcoin để trở thành tiền tệ là không thể xảy ra, bạn có thể thấy rằng bitcoin đang liên tục biến đổi động và điều chỉnh cực mạnh, bitcoin giá trị bất ổn là bitcoin không được kiểm soát any any country, you can see that the field is currently continued the dynamic variable and adjust the very strong, bitcoin bitcoin is not enough to be become to currency.

[Hallmader]

The real value of a currency is found in its purchasing power. I mean, a currency is considered as such if it is used and mutually accepted by the parties involved that it is what it is, a form of payment. You may get what you want in exchange for it and the seller will also give you what you want in exchange for it. That makes a currency a currency. And Bitcoin is clearly functioning as such. Therefore, I conclude that Bitcoin is a form of currency.

[Ayston]

Currency in the history is to be believe anything that people can use to pay in exchange with service and goods as what Bitcoin can do today.. So it is consider to be a currency between users.

[joelou]

Well in my own opinion how does bitcoin become currency. Its  digital money in a way sometimes bitcoin use in online payments to make the transaction easier and so We can call bitcoin become currency.

[dreamHeaven]

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

bitcoin in my opinion is not as currency but bitcoin is more as a promising investment than gold, besides bitcoin can also be converted to local currency. and after that bitcoin can be used for transactions to buy our needs. So my conclusion is bitcoin can be labeled as currency but indirectly

For now, people are taking this bitcoin as a great opportunity to invest their money and that bitcoin is helping them in having a huge profit too but this does not mean that bitcoin cannot be a currency as it has all the characteristics of becoming a currency and that things will get in favour of the bitcoin in future as the governments are planning to legalize these currencies.

[RyhaniFoyej]

Of course in the beginning it is used to buy online product and its value was low but at present it is the most valuable currency on the whole world. Nowadays it is used for online payment, paying the online bills and buy different software, games, webdesigns and websites. It has become so popular that people are using it instead of money and it is called a digital currency.

[chalkboard17]

Of course in the beginning it is used to buy online product and its value was low but at present it is the most valuable currency on the whole world. Nowadays it is used for online payment, paying the online bills and buy different software, games, webdesigns and websites. It has become so popular that people are using it instead of money and it is called a digital currency.

Initially, bitcoin was not so popular and its value was insignificant but it was treated as a currency to buy online stuff and services. Over the years, bitcoin has gained more trust and popularity and the price of bitcoin has gone from nearly nothing to thousands of dollars' worth nowadays and people have started to use it as an investment rather than a currency. It is still used for online transactions but it seem to be that people are more interested in the profit they could earned from bitcoin investment than in its advantages in online shopping.

[ejandjm18]

Well, I consider Bitcoin will become currency in time i used bitcoin to online payment and other online transactions. We can also convert bitcoin to a currency of our country. Therefore, bitcoin can be currency but it is indirect not like the transaction we used in our current currency.

[JohnWick_Bitcoin]

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

In my own opinion, bitcoins is just an asset before and as the time goes by there are more people who become interested on cryptocurrency and now it was recognized as a currency because there are online stores who are accepting a crypto payment method.

[kingkonjac]

for now as far as I can see it is used rather as an asset. To become a currency the most important thing first of all is the price stability, with those volatile prices the usage as a form of payment is very hard.

[gurupauts]

people say bitcoin as currency because bitcoin is the currency in digital and we can use it to buy something and have value so bitcoin can be said as digital currency

[BartS]

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

You are close but that is not exactly right, why gold was the most widely used form of money through the world? Because it has the best characteristics to become a currency, bitcoin was designed specifically to be an even better form of money than gold and that is why since the beginning it had some value, but bitcoin is also a network and the bigger the network the bigger the value of it, this is why the price of bitcoin keeps increasing despite the fact that bitcoin is not widely used as a currency.

[concept2]

Bitcoin has become a currency thanks to our support. With our us, bitcoin can barely be known by the people. We are the ones who use bitcoin as a currency which attract other people to the boat. And year after year, bitcoin has turned itself into a kind of currency.

[KocaEfe]

I am convinced that bitcoin can not be a currency, it should be attributed to crypto assets, which can be compared to an asset of gold or silver. Bitcoin is an asset that is also mined by machine as gold. Bitcoin cannot be a payment for bread or milk. Bitcoin is an asset that helps to save and multiply money.

[pokang13]

Before ,bitcoin does not have value, but when it was introduced by Satoshi Nakamoto, it turned into a billion-dollar market.What it does that makes aot a currency not what it is.

[Cangkeman Wae]

Of course this is a difficult thing, to become a currency or international currencies, of course there are many things that must be resolved, complaints from hundreds of thousands of users who are transacting and unconfirmed to be things that cannot be denied anymore.

[Sama517]

Bitcoin is a currency because it can perform every normal function of a currency like the fiats. It can be used as a medium of exchange for goods and services.

[ucingucingan]

I prefer and agree if bitcoin does not become my currency prefer it as an investment commodity like gold / silver but in digital form, and I think if bitcoin remains an investment commodity it will be very good for economic development in all countries because it will not exist FIAT currency is replaced by bitcoin

[stasiulman]

bitcoin will continue to occupy more solid positions as a supranational currency. On its side are high price and investor interest - these factors help to push legislative regulation and stimulate the development of payment services based on cryptocurrency. Bitcoin ia able to turn become a full currency, depends on when it starts accepting retail and how widely national laws will allow to implement it.
But for now, I think,  bitcoin more tech then currency.

[Xenoph0bia]

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

You are close but that is not exactly right, why gold was the most widely used form of money through the world? Because it has the best characteristics to become a currency, bitcoin was designed specifically to be an even better form of money than gold and that is why since the beginning it had some value, but bitcoin is also a network and the bigger the network the bigger the value of it, this is why the price of bitcoin keeps increasing despite the fact that bitcoin is not widely used as a currency.

For this bitcoin should be accepted all over the world.Transactions should be done by bitcoin internationally.Bitcoin should be known to each and every person on the earth.Bitcoin should come under the central banks and should become stable as it is very volatile and decentralised.Bitcoin is spreading its roots in the market slowly and is doing well as it is gaining a lot of users and investors day by day but still it has to go a long way in order to become a currency.